Acquisitions25 Jun 2026, 06:50 pm
Velox Shipping to Acquire 100% Stake in Seaman Logistics
AI Summary
Velox Shipping and Logistics Ltd has entered into an agreement to strategically invest in Seaman Logistics Solution Pvt. Ltd., acquiring 100% stake. The initial acquisition will be for 57% of the equity value for INR 11 Crore, with the remaining 43% to be acquired over three years, by December 2029. This move aims to expand operational capacity and strengthen the company's market position in the logistics sector. Seaman Logistics reported a turnover of Rs. 50.88 Crore and a profit of Rs. 1.20 Crore for FY25. The transaction is a cash-based deal and is not a related party transaction.
Key Highlights
- Velox Shipping to acquire 100% stake in Seaman Logistics.
- Initial 57% stake acquired for INR 11 Crore cash.
- Expansion of operational capacity and market position is the objective.
- Seaman Logistics reported FY25 turnover of Rs. 50.88 Crore.
- Full acquisition to be completed by December 2029.
Price Impact
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